Year 12 Mathematics Standard 2 Topic Guidance: Financial ...
In the example indicated in the table, the present value interest factor for a loan with interest rate 0.0075 per month, expressed as a decimal, (or 9% pa) over 48 months (four years) is 40.18478. The monthly repayment a for a car loan of $8000 at 9% pa for four years is calculated as follows: ................
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